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Pure endowment |
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Pure endowmentA life assurance policy where the sum assured is paid if the life assured survives the term but in the event of prior death nothing is payable.Similar MatchesTraded endowment policy (Tep)Traded endowment policy (Tep)Another name for Second-Hand Endowment Policy (Shep). Unitised with profit endowmentUnitised with profit endowmentThis is a hybrid unit-linked endowment, designed to smooth out price fluctuations that occur with unit-linked policies. The value of units is declared each year and that value is then guaranteed. The guaranteed value that is declared is at a discount to the actual value of the units. The guaranteed value will not reach the real value until the term of the endowment is up, so the chance of being able to pay of the loan early is minimised. Child deferred endowmentChild deferred endowmentAn endowment assurance, on the life of a child, which can be taken as cash at maturity or converted to a full endowment or whole life assurance. EndowmentEndowmentA gift such as money or property to an institution for a given purpose. Low cost endowmentLow cost endowmentDesigned to accumulate the sum needed to pay after a given period, usually for the purpose of paying off a mortgage. However there are no guarantees and investors may have to increase their premiums to build up enough to pay off their mortgage. Further Suggestionssecond hand endowmentincome pure endowment full endowment endowment assurance unit linked endowment assurance Endowment endowment mortgage Unit linked endowment Endowment Full with profit endowment income endowment endowment insurance Factor endowment Low start endowment Non profit endowment |
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